Do New Highs Point To Strength Or Bullish Delusions?

Is something positive stirring in this market? Certainly the balance between new highs and new lows has improved since the major indexes marked intraday lows on Nov. 16. In the four sessions leading up to and including the market low on Nov. 16, the combined NYSE and Nasdaq new highs and new lows looked like this: 52 highs vs. 209 lows; 35 vs. 275; 21 vs. 340; and 26 vs. 262. The negatives ...

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Select market data is provided by Interactive Data Corp. Real Time Services. Price and Volume data is delayed 20 minutes unless otherwise noted, is believed accurate but is not warranted or guaranteed by Interactive Data Corp. Real Time Services and is subject to Interactive Data Corp. Real Time Services terms. All times are Eastern United States. *Reflects real-time index prices.